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Investment banking
Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.
Industry: Banking
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Investment banking
savings bond
Banking; Investment banking
Government-issued bond common in the USA. There is no secondary market for savings bonds, but they do offer tax benefits.
bill guarantee
Banking; Investment banking
Also referred to as aval. Undertaking of joint and several liability by the endorser (by signing the bill) to settle a bill of exchange in the event of the failure of the actual drawee of the bill to ...
net asset value
Banking; Investment banking
(1) Value of an investment fund unit corresponding to the market value of the fund on a set reference date, minus liabilities and divided by the number of units outstanding. (2) Business management: ...
banking supervision
Banking; Investment banking
Four bodies supervise banking activities in Switzerland: the Federal Banking Commission (highest supervisory authority), the statutory auditors (as prescribed by Swiss banking legislation), the ...
cheque card
Banking; Investment banking
Also: check card (US). Card issued by a bank for accountholders who are members of a cheque system. The bank promises to cash cheques up to a certain amount provided that the signature and account ...
single share class
Banking; Investment banking
Situation where the share capital of a company has only one class of share. The term relates to the earlier practice of dividing shares into (preferred) registered and bearer shares. By simplifying ...